DMP - Morgan Stanley rates the stock as Overweight
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Morgan Stanley has even greater conviction about the long-term growth in Europe after a visit to the company's operations. Domino's has guided to 2,500 stores in Europe by 2025 versus 891 today.
The Netherlands is the most penetrated country for online takeaway food and the broker believes the company's success in this market indicates it can survive with aggregators.
Overweight rating and Cautious industry view. Target is $55.
Sector: Consumer Services.
Target price is $55.00.Current Price is $43.91. Difference: $11.09 - (brackets indicate current price is over target). If DMP meets the Morgan Stanley target it will return approximately 20% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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